CandleFocus Crypto 2024 milestones – The industry got everything it wanted
2024-12-26
Author: Content Editor
The crypto market experienced significant growth and increased mainstream acceptance in 2024. Bitcoin reached new heights, with its price surging by 120% and surpassing $100,000. The approval of Bitcoin ETFs allowed retail investors to gain exposure to the asset, resulting in significant capital inflows. The election of Donald Trump, who pledged to support the crypto industry, and the appointment of pro-crypto individuals to key positions signaled strong government support for crypto. Decentralized finance (defi) also saw growth, with innovations like liquid staking expanding institutional engagement with digital assets. Regulatory clarity remained a challenge, with traditional financial institutions expressing caution due to ongoing uncertainty. However, overall optimism in the industry is high, with prospects for continued growth in 2025.
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